NI big supplier increases prices due to rocketing energy costs

Electric Ireland said the change will increase the average residential annual electricity bill by €108

Big Zero Report 2022

The global energy market turmoil seems to be affecting Northern Ireland’s customers, as one of the biggest suppliers in the region announced further increases in its tariffs.

State-owned Electric Ireland, Northern Ireland’s third-largest supplier announced from 1st November it will increase residential electricity prices by 9.3% and gas prices by 7% because of the unprecedented wholesale energy cost hikes.

These changes will mean that customers will see an increase of €9.02 (£7.72) every month or €108.22 (£92.63) per annum on the average residential electricity bill and €4.85 (£4.15) a month or €58.14 (£49.77) annually on the average residential gas bill.

Marguerite Sayers, Executive Director, Electric Ireland, said: “Unfortunately, this price increase is necessary to offset the unprecedented rise in wholesale energy costs this year.

“We appreciate that energy price increases combined with other bills may put some households under financial pressure as we move into the colder winter months.”

Energy prices led nine suppliers and several switching services to exit the UK’s energy market in recent weeks.

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